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Freehold · Developer: EXSIM WATERFRONT SDN. BHD. · Prices are gross and change with unit and floor.
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Monthly
For the smallest unit (732 sq ft) at the starting price of RM864,500.
An illustration, not a quote. Banks' published reference home-loan rates ranged from about 4.1% to 5.2% in September 2026, and the margin and tenure you get depend on the bank and on you. Stamp duty on the loan agreement is 0.5% of your loan. Work it out for another unit →
Compare
We track 4 projects in Gelugor, starting from RM820,100 (Keeperz Suites) up to RM2,055,000 (Lightwater Residences). Unit sizes run from 484 to 3,186 sq ft. 3 are due between 2029 and 2030.
| Project | From | Per sq ft | Sizes | Status |
|---|---|---|---|---|
| Keeperz Suites | RM820,100 | about RM1,694 | 484–581 sq ft | Completing Q4 2030 |
| The Capehauz | RM859,000 | about RM1,227 | 700–947 sq ft | To be confirmed |
| The Lighthauz (this page) | RM864,500 | about RM1,181 | 732–1,001 sq ft | Completing 2030 |
| Lightwater Residences | RM2,055,000 | about RM1,784 | 1,152–3,186 sq ft | Completing Q1 2029 |
Per sq ft is the starting price divided by the smallest unit — a rough guide, not a quoted rate.
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vs Keeperz Suitesvs Lightwater Residencesvs Noordinz Suitesvs The Capehauz
The 4 projects on our list closest to The Lighthauz, by straight-line distance. Price per square foot is the starting price divided by the smallest layout.
| Project | Distance | From | Smallest unit | Per sq ft | Tenure | Completion |
|---|---|---|---|---|---|---|
| The Lighthauz (this project) | – | RM864,500 | 732 sq ft | RM1,181 | Freehold | Expected 2030 |
| Keeperz Suites | about 0.1 km | RM820,100 | 484 sq ft | RM1,694 | Freehold | Expected Q4 2030 |
| The Capehauz | about 0.1 km | RM859,000 | 700 sq ft | RM1,227 | Freehold | Not yet announced |
| Lightwater Residences | about 0.5 km | RM2,055,000 | 1,152 sq ft | RM1,784 | Freehold | Expected Q1 2029 |
| Noordinz Suites | about 4.2 km | RM682,870 | 377 sq ft | RM1,811 | Freehold | Expected Q3 2027 |
Of these 5 projects, The Lighthauz has the 4th-lowest starting price and the lowest price per square foot.
Prices are gross starting prices as published by each developer and change by unit and floor.
Information last updated: 22 October 2026
In Gelugor, on the Penang waterfront along the Lim Chong Eu Expressway; it occupies PT 224, Seksyen 8, Bandar George Town, together with Keeperz Suites. Lotus's is roughly 310 m off in a straight line.
Yes, freehold, on 2.03 acres. The title is commercial and comes under the Housing Development Act.
The range is RM864,500 up to RM1,173,700, with gross prices starting from RM1,117 psf.
Two sizes. A1 and A2 measure 732 square feet with a 1+1 bedroom plan, while the 2+1 plan of B1, B2, C1 and C2 measures 1,001 square feet. Every type has two bathrooms. A1, B1 and C1 include a balcony, while A2, B2 and C2 do not.
Completion is expected in 2030 for this new launch. Building is scheduled to take 60 months from the date the APDL was issued.
EXSIM WATERFRONT SDN. BHD., the same company behind Keeperz Suites next door.
The 671 homes spread over 57 floors, roughly 15 to a floor on Levels 9-52 and roughly 8 on Levels 53-53A. They are served by six passenger lifts, plus one service lift.
RM0.46 psf, sinking fund included.
Two car parks per unit, for every type.
Yes, but only in the upper band. Penang's floor for foreign buyers of island strata is RM1,000,000, and State Authority approval is needed. Prices here span RM864,500–RM1,173,700. Homes priced at RM1,000,000 or more can go to a foreigner, while the cheaper homes stay with Malaysian buyers.
Applications go in through a lawyer. On a commercial title like this one the fee is RM20,000 per title. The levy is 1.5% for a price of RM1,000,000 to RM1,500,000, which covers every qualifying home here (3% would apply only above RM1,500,000), and it is due within 30 days of approval. Resale by a foreign owner is not allowed within 3 years of the SPA. MM2H participants have a Penang line of RM500,000 (up to two units), but they must satisfy the higher of the MM2H programme's own minimum and the state minimum.
The projects closest to this one on the things buyers actually compare.